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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues $ 389,276 $ 15,884 $ 507,623 $ 150,265
Cost of revenues 296 29,614 763 162,831
Gross profit (loss) 388,980 (13,730) 506,860 (12,566)
Operating expenses        
Selling, general and administrative expenses 301,208 1,182,093 1,772,916 3,841,633
Research and development expenses 37,825 141,310 147,292 990,731
Stock based compensation 817,740 2,957,736 1,409,969
Total operating expenses 339,033 2,141,143 4,877,944 6,242,333
Income (loss) from operations 49,947 (2,154,873) (4,371,084) (6,254,899)
Other income (expense)        
Interest income 44,261 40,246 75,451 147,998
Interest expense (219,533) (1,218,624) (1,164,248) (1,390,039)
Operating sublease income 12,000 36,478 53,900
Gain (loss) on foreign exchange 30,429 (25,059) 26,284 (55,625)
(Loss) on equity method investment (67,885) (146,942)
Other income (expense) 16,864 (10,769) 45,542 (1,174)
Total other income (expenses) (183,864) (1,214,206) (1,127,435) (1,244,940)
Loss before income tax (133,917) (3,369,079) (5,498,519) (7,499,839)
Provision for income tax expense (benefit) 355 (999) (110,539) 80,696
Net loss (134,272) (3,368,080) (5,387,980) (7,580,535)
Net income (loss) attributable to noncontrolling interests 52,289 (50,564) (255,798) (175,813)
Net loss attributable to ABVC and subsidiaries (186,561) (3,317,516) (5,132,182) (7,404,722)
Foreign currency translation adjustment 25,389 (15,082) (55,106) 1,995
Comprehensive loss $ (161,172) $ (3,332,598) $ (5,187,288) $ (7,402,727)
Net loss per share attributable to common stockholders        
Basic (in Dollars per share) $ (0.02) $ (0.82) $ (0.46) $ (2.08)
Diluted (in Dollars per share) $ (0.02) $ (0.82) $ (0.46) $ (2.08)
Weighted average number of common shares outstanding (1)        
Basic (in Shares) [1] 12,405,261 4,055,345 11,164,093 3,555,474
Diluted (in Shares) [1] 12,405,261 4,055,345 11,164,093 3,555,474
Licensing revenues        
Revenues $ 380,000 $ 496,000
Other revenues        
Revenues $ 9,276 $ 15,884 $ 11,623 $ 150,265
[1] Prior period results have been adjusted to reflect the 1-for-10 reverse stock split effected on July 25, 2023.